Manson Creek Resources Ltd.

Manson Creek Resources Ltd.

November 28, 2008 11:36 ET

Manson Creek Corporate Update

CALGARY, ALBERTA--(Marketwire - Nov. 28, 2008) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) (Manson Creek) is pleased to announce that it has entered into agreements with various property vendors that will allow for the preservation of its current capital in these challenging economic times.

Manson Creek and the property vendors for Meridian, Gillman and Molygarchy have temporarily suspended all but $5,000 of the November 30, 2008 cash property payments, in exchange for Manson Creek accelerating future committed share issuances. The vendors will receive the outstanding suspended property payments, on a priority basis, upon the closing of a future significant financing. To satisfy the revised share issuance commitment pursuant to these property agreements, 1,050,000 common shares will be issued on November 30, 2008.

Regan Chernish, P. Geol., President and Director

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and plans and objectives of Manson Creek Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Manson Creek Resources Ltd.
    Regan Chernish
    President and Director
    (403) 233-0464